Updated from 9:48 a.m. EST to provide analyst upgrades on Research In Motion and Oracle, as well as updated share prices.
NEW YORK (
Research In Motion
( RIMM) shares were up 10.1% to $13.79 Wednesday on reports from
The Wall Street Journal
that the BlackBerry maker has been approached by other companies about a potential acquisition.
looked at RIM, but ultimately decided not make a formal bid.
also looked at the company in a joint bid.
New York-based investment bank Jeffries upgraded shares to hold, citing the potential for a partnership down the line.
shares were off 5.4% to $18.87 after the contract manufacturer reported weaker-than-expected earnings and guided the second quarter below analysts estimates.
Citing higher inventories, Jabil Circuit reported first quarter earnings of 65 cents per share on revenue of $4.3 billion, below analyst expectations of $4.41 billion. Second quarter guidance is expected to be between 52 cents and 62 cents per share, on revenues of $4 billion to $4.2 billion. According to analysts polled by Thomson Reuters, Wall Street analysts are looking for earnings of 59 cents per share on $4.23 billion in revenue.
shares tumbled 13.7% to $25.17 after the company
The database giant reported adjusted earnings of $2.8 billion, or 54 cents per share, for its fiscal second quarter ended Nov. 30 on revenue of $8.8 billion. Analysts polled by Thomson Reuters expected earnings of 57 cents a share in the three-month period on revenue of $9.23 billion.
The company said that it was seeing some additional approval for contracts in the second quarter, which could be a sign of a slowing macro economy.
Canaccord Genuity downgraded shares two notches to hold, with a price target of $28.
Written by Chris Ciaccia in New York
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